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UBS’s former head of telecoms and communications has carried out his first deal for CVC Capital Partners after joining the firm two years ago.

Lorne Somerville led CVC’s deal to buy Sunrise, the Swiss arm of buyout-owned TDC, for Sfr3.3bn ($3.3bn), on Friday last week, which is the first telecoms deal for CVC’s €10.75bn fund raised last year.

The firm managed to raise more than two-thirds debt in a syndicate led by BNP Paribas, Deutsche Bank and UBS. This debt package was made up of Sfr820m in senior term notes, Sfr800m in senior secured debt, Sfr675m in subordinated loans, Sfr100m acquisition facility, and a Sfr150m revolver, according to a person familiar with the situation.

"This was a certain funds deal [where financing is guaranteed] and compared to the market now it is a large financing," Somerville said.

He added: "The important thing we provided for the vendor was certainty and speed."

It is understood the firm has significant headroom on its covenants for the debt, a person close to the company said.

CVC secured the deal after Orange had regulatory approval to merge with the company denied by the Swiss regulator in April this year.

Somerville joined CVC from UBS in June 2008. Before joining UBS in 2001 he was head of international at Swiss telecoms company Swisscom.